Asian equities swung between small gains and losses as investors weighed the fallout from the selloff in global stocks, with traders watching whether regional markets can stabilize after Wall Street’s sharp losses.

MSCI’s stocks gauge for Asia Pacific fell around 0.1% after the index had its biggest drop since early April.

Contracts for US stocks edged lower in early Asian trade after the S&P 500 index fell for a fourth day. A basket of the Magnificent Seven companies declined 1.8%. Nvidia Corp., at the center of the AI frenzy, slumped 2.8% ahead of its earnings report after Wednesday’s close.

Bitcoin steadied to trade around $92,500 after briefly dropping below $90,000 Tuesday to spook market sentiment.

A selloff in the world’s largest technology companies drove stocks to their longe

See Full Page